It was called a negotiation, but it was really just a formality.
Wang Xiuhong has completed all the preliminary work. Now, all that's left is for both parties to sit down and discuss some details in depth.
The negotiation took place in the garment factory's conference room. Factory director Wang Xiuhong, along with leaders from the accounting, sales, and production departments, as well as a cadre from the district, had their first formal meeting with Xiao Weiguo.
Xiao Weiguo promised that after he took over the contract, there would be no major changes in the factory's leadership; he would not replace anyone who worked diligently in their position. He also promised to improve everyone's benefits on this basis.
The only requirement is that the work must be conducted under Xiao Weiguo's management model.
This way, the factory leadership certainly won't react too strongly. What difference does it make who you work for? Who wouldn't be happy to get more money?
On the district side, both parties agreed as originally stipulated that the contract fee would be 100,000 yuan per year for a 20-year term, with the annual fee payable in advance. They also agreed to cover the two months' wages owed to the workers, totaling 41,220 yuan.
After the contract expires, Xiao Weiguo will have the right of first refusal to take over the contract.
The district leaders were also happy to get rid of this problem, which saved them from the trouble of people coming to their door to make a scene whenever they couldn't pay salaries.
Both parties came with sincerity, and the negotiations progressed smoothly. An agreement was reached within a morning. After signing the contract and paying the 100,000 yuan contract fee, Xiao Weiguo officially moved into the garment factory.
Next, under Xiao Weiguo's leadership, the factory underwent sweeping reforms.
First, the county garment factory was renamed "Panlong Garment Co., Ltd."
Please have a professional design your trademark so we can register it with the Commerce Bureau as quickly as possible.
The company was restructured into a joint-stock company, with Xiao Weiguo serving as chairman and Wang Xiuhong as general manager.
Xiao Weiguo holds 80% of the shares, Wang Xiuhong holds 5%, and the remaining 15% is redistributed according to management positions, with some holding 1% and others 2%.
Unlike Xiao Weiguo and Wang Xiuhong's shares, they only received the right to receive dividends, but not direct shares.
In other words, while they are in office, they can participate in profit sharing based on their shareholding, but they cannot sell their shares. If they leave office, their shares will be returned.
This is to ensure their loyalty. It can also be seen as giving these veteran figures some special treatment.
These are all given away for free, and they don't conflict with their salaries. They just receive an extra bonus at the end of the year.
Although these grassroots officials didn't know the specific uses of shares, they readily signed the shareholding agreement, thinking it was a no-brainer.
What they didn't know was that these shares, which they considered worthless, would bring them enormous wealth many years later.
Even holding just one percent of the original shares would be enough to make them incredibly wealthy tycoons.
Next, Xiao Weiguo went deep into the workshop and warehouse to take a closer look.
The factory has two workshops and four production lines. The machines are all in about 70-80% new condition and do not need to be replaced for the time being.
The warehouse was stockpiled with tens of thousands of sets of sportswear, the kind of long-sleeved tracksuits with blue collars and two white stripes sewn on the outside of the arms and thighs that were common on the streets in the 1970s and 80s.
This thing is too hot to wear while playing sports or doing other activities, making you sweat profusely. It's too cold to wear as an outer layer, and the style is outdated. It has long lost its competitiveness in the market.
Young people in the city today are no longer as short-sighted as they were a few years ago; they prefer trendy things.
The only thing that surprised Xiao Weiguo was that there was a batch of high-end woolen fabric in the warehouse.
According to Wang Xiuhong, this batch of fabric was custom-made by the higher authorities and was intended to be used to make a batch of winter uniforms to be distributed to various units.
However, the approval from higher authorities was not obtained, and the batch of fabric was shelved for more than a year.
Although this thing is expensive, it is very difficult to wash, it gets dirty easily, it shrinks after washing, and it has an unpleasant smell if left for a long time.
Ordinary people would never choose clothes made of this fabric, so they just sit here collecting dust.
Xiao Weiguo thought to himself, no wonder the garment factory has been losing money year after year.
Under the old system, people did whatever they were told to do, without any independent management ability. Such a good batch of materials, worth tens of thousands of yuan, was just left here unused.
What's even more ridiculous is that despite having all these treasures stored in the warehouse, they didn't have the money to pay the workers' wages.
Xiao Weidong roughly calculated that even if he sold these things intact, with his abilities, he could still make over 100,000 yuan.
In the evening, after dinner, Xiao Weiguo sat on the sofa and smoked.
My mind was focused on how to sell this batch of clothes as quickly as possible, and how to process that batch of wool fabric to maximize profits.
At this moment, Liu Ye and Shan Shan ran in arm in arm.
These two girls eat and live together every day, and now they're almost like one person.
"Bro, it's the weekend tomorrow, no classes, let's go see a movie tonight?"
What movie?
Xiao Weiguo was preoccupied with something else when he casually asked a question.
"I heard the action scenes in 'XX Shaolin,' starring rising martial arts star Li Xijie, are really exciting. Want to go?"
Upon hearing this, Xiao Weiguo's eyes lit up.
The movie, oh right, how could I forget about that?
If I remember correctly, the movie "A Better Tomorrow," starring international superstar Chow Tai Fook, is about to be shown nationwide.
His image, wearing a trench coat, a top hat, and a long scarf around his neck, will become a national sensation.
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